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    Restaurant Property with Leaseback Title is generated by Realmo AI

    1252 N BALLENGER, Flint, MI 48504

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    For-sale restaurant property in excellent condition with high-traffic exposure and seller leaseback.

    Type:Business for Sale, Retail
    Property size:
    3,419 SF
    Price / SF:
    $146/SF
    Added:
    Feb 11, 2025
    Days on Market:
    506
    Last Refresh:
    Jun 20 at 8:56 am

    Property Features for 1252 N BALLENGER

    General Information

    Standard status
    Active
    Size
    3,419 SF
    Property subtype
    Business for Sale, Retail

    Building Details

    Year Built
    1970

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    Scott Myers

    Listing office RE/MAX Grande

    Listing date Feb 11, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Grande

    HighLights

    • Restaurant property built in 1970
    • Seller will lease back the property
    • Land contract terms: $150,000 down payment, $4,000/month payment, 9% interest, 36‑month balloon

    Overview

    This for-sale restaurant property is presented in excellent condition and sized at 3,419 square feet. It is offered as a turn-key restaurant opportunity, with the seller stating they will lease the property back following the sale. The listing also notes land contract terms, which may be relevant to buyers evaluating seller financing structures.

    The property is positioned in a prime location and is described as having a high traffic count and outstanding visibility, supporting strong commercial exposure for restaurant operations. Visibility and customer access are key considerations for restaurant users, and the remarks emphasize these characteristics as part of the offering.

    For tenants and owner-operators, this configuration can support restaurant use with an asset already conditioned for that business type. For buyers, the seller leaseback provides a transition period, and the land contract terms listed are $150,000 down payment, $4,000 per month, 9% interest, and a 36-month balloon. The asking price is $499,900, and the buyer should confirm all terms and conditions directly with the seller and broker during due diligence.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $49.2k $14.40
    − Vacancy −$8.8k −$2.58
    EGI $40.4k $11.82
    − OpEx −$10.1k −$2.96
    NOI $30.3k $8.87
    3,419 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $433.1K
    $379.0K – $505.3K (±1% cap)
    NOI $30,316 @ 7.0% cap · market cap 6.06%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $719.4K
    $629.5K – $839.4K (±1% cap)
    NOI $50,361 @ 7.0% cap · market cap 10.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Niko's Family Diner Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7316558
    Latitude
    43.02367

    FAQs

    What type of property is this?
    Conventional restaurant - For-sale restaurant property in excellent condition with high-traffic exposure and seller leaseback.
    Where is this conventional restaurant located?
    The property is located at 1252 N BALLENGER Flint, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Restaurant property built in 1970; Seller will lease back the property; Land contract terms: $150,000 down payment, $4,000/month payment, 9% interest, 36‑month balloon
    (810) 695-4111 Call to check price and availability
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